Vail Resorts sells Inn at Keystone for $6.4 million
Vail Resorts announced that it sold the Inn at Keystone for $6.4 million. The company sold the property to Realty Capital Partners, based out of Dallas. Despite the sale, Vail Resorts has made a deal with Realty Capital Partners to continue managing the property.
After the season ends in the spring, the Inn at Keystone will close for renovations. Plans include a more open floor plan for the lobby, a new fitness center as well as new outdoor communal spaces. All guest rooms and common areas will be re-done with a modern rustic look.
The property will also be rebranded as the Hyatt Place Keystone, making it the first big-name hotel brand in the town. The property is scheduled to reopen in the summer of 2017 under its new name.
The parcel where workforce housing is being proposed was listed for decades as belonging to the Colorado Department of Transportation.